Carvana Co. (CVNA)
Carvana (CVNA) Soars 5.3%: Is Further Upside Left in the Stock?
Carvana (CVNA) was a big mover last session on higher-than-average trading volume. The latest trend in earnings estimate revisions might help the stock continue moving higher in the near term.
Carvana: Load Up While The Markets Are Fearful
Carvana's stock has dropped over 40% from its February peaks, presenting a buying opportunity at a reasonable ~22x adjusted EBITDA multiple. The company's Q4 results showed strong retail unit sales and healthy adjusted EBITDA margin expansion, reinforcing my buy rating. Management continues to expect sequential growth in retail unit sales in Q1 and in FY25, despite a tough macroeconomy.
Carvana climbs on positive analyst outlook amid Amazon auto expansion
Carvana Co. (NYSE:CVNA) shares added more than 5% on Thursday after it received positive reports from two brokers, with Bank of America analysts stating Amazon Autos' expansion could boost sales for other online auto retailers. The analysts suggested that Carvana is unlikely to face significant pressures from Amazon's entry into the auto market, which aligns more closely with third-party listing sites like TrueCar and CarGurus than with Carvana's model.
Why Carvana Stock Is Surging Today
Carvana (CVNA 4.25%) stock is posting big gains in Thursday's trading thanks to bullish analyst coverage. The company's share price was up 4.8% as of 2:15 p.m.
Carvana stock crashes 35%: is CVNA running out of steam?
Investors should load up on Carvana Co (NYSE: CVNA) following a more than 35% decline in its stock price since mid-February, says Alexander Potter – a Piper Sandler analyst. Carvana shares have been hit hard in recent weeks amidst the broader market sell-off due to continued uncertainty coming out of the White House.
Carvana 'Can Grow Aggressively,' Newcomer Amazon Auto Limited To Just One Brand: Analyst
Shares of Carvana Co CVNA were climbing in early trading on Thursday.
5% Rally in FIVE, CVNA Upgrade, LUV Lifts Off Sell Rating
After retail got beaten down in recent earnings, Five Below (FIVE) managed a rally with a strong beat and guidance. However, Diane King Hall says the store will bump up prices due to tariff impacts.
Carvana Stock Down 34% in a Month: Is This a Buying Opportunity?
Despite near-term economic uncertainty, CVNA's strong execution and growth potential suggest its recent stock decline may be a buying opportunity.
Carvana stock price is crumbling: is it safe to buy the CVNA dip?
Carvana stock price has moved into a bear market after plunging by over 36% from its highest level this year. CVNA has fallen to its lowest level since January 26, giving it a market cap of $46 billion.
The Zacks Analyst Blog Carvana, Advantest and Garmin
Carvana, Advantest and Garmin are included in this Analyst Blog.
Carvana Acquires Dealership in Arizona to Enter New-Vehicle Market
CVNA acquires a franchised dealership in Arizona, which marks a potential shift into new vehicle sales.
3 Momentum Anomaly Stocks to Buy as Markets Skid on Growth Concerns
SFM, HOOD and CVNA are currently witnessing a short-term pullback in price. So, make sure you take full advantage of it.
